Colorado Lawmakers Plan To Boost Marijuana Profits

MGN Online

By AP&nbsp|&nbsp

Posted: Thu 4:14 PM, Apr 24, 2014&nbsp|&nbsp

Updated: Fri 5:50 AM, Apr 25, 2014

The federal government has reluctantly agreed to let Colorado be the first state to collect taxes from the legal sale of recreational marijuana, but it has also made clear it doesn't agree with the move and may try to stop it, if isn't tightly controlled.

Instead of keeping a low profile with the money, however, some Colorado lawmakers are want to use millions of dollars they've collected from pot sales to seek matching federal funds to keep kids of drugs.

The plan calls for transferring $3.5 million from the state's marijuana cash fund to its general fund and then sending the same amount to a state department that would apply for the federal match.

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